NayaPay users enabled to make payments with their e-money account at Alipay+’s network

ISLAMABAD: Alipay+ jointly announced with NayaPay, Pakistan’s leading fintech platform, that NayaPay users will be able to make payments with their e-money account at Alipay+’s extensive network of 80 million merchants in China.

According to an announcement here on Tuesday, Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organisations, launched in Beijing a nation-wide program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments. Working with local merchants, tourism sites and commercial districts, the Program aims to enhance international visitors’ experience and drive business for local merchants.

Ant Group now offers 2 mobile payment alternatives for overseas visitors in China. Alipay+, a suite of cross-border mobile payment and digitalisation technology solutions under Ant International, enables overseas consumers to pay with their home e-wallets across China. Travellers may also choose to bind major international bank cards, including Visa, Mastercard, JCB, Discover®, and Diners Club International to an Alipay app to access a rich array of local Alipay services from shopping, dining, ride-hailing to public transportation while in the Chinese mainland, without needing a local bank account or phone number.

As part of the International Consumer Friendly Zones program, Ant Group will collaborate closely with partners to significantly enhance accessibility and convenience of the two mobile payment options for international visitors. Emphasis will be placed on refining these services at locations most frequented by travellers, including key transportation hubs as well as tourism attractions, hotels, and shopping districts. Initial efforts will focus on expanding bilingual support, offering comprehensive user guides, and bolstering merchant training to ensure a seamless and welcoming experience for global consumers.

At the launch, Alipay+ jointly announced with NayaPay, Pakistan’s leading fintech platform, that NayaPay users will be able to make payments with their e-money account at Alipay+’s extensive network of 80 million merchants in China, as bilateral trade and visits increase.

NayaPay thus becomes the 11th overseas and 1st Pakistani payments platform to “roam” in China, following AlipayHK (Hong Kong SAR, China), Changi Pay (Singapore), HiPay(Mongolia), Kakao Pay (South Korea), MPay(Macao SAR, China), Naver Pay (South Korea), OCBC Digital (Singapore), Toss Pay (South Korea), Touch ‘n’ Go eWallet(Malaysia), and TrueMoney (Thailand).

To welcome overseas travelers, Ant Group, in collaboration with partners, has been rolling out extensive merchant and consumer education and marketing campaigns.

Danish A Lakhani, CEO NayaPay, said that “Today marks a monumental milestone in the commercial relationship between China and Pakistan as we witness the establishment of the first direct payment channels between our two nations. This groundbreaking development is made possible through the collaborative efforts of Ant Group, NUCC, and NayaPay, under the auspices of the People’s Bank of China and the State Bank of Pakistan. This achievement not only paves the way for a new era of financial transactions but also symbolizes joint innovation between our nations.”

Copyright Business Recorder, 2024